This iconic sign greets visitors coming into our great city, but what about those driving here in a moving truck?
More and more people from California are relocating to Southern Nevada each month for a more affordable way of life. Housing Prices are less (Median House Price is $285K), Taxes are less ($0 State Income Tax), Less than 1% Property Tax, and an overall cost of living that’s less!
For those of who have grown up in Las Vegas the secret is definitely out! Our Economy is strong, Jobs are plentiful, and there are Housing Options! Curious on a move to Las Vegas/Henderson and wanting to see how far your dollar will stretch in a Vegas way of life? Contact us today for a current housing list.
Want to learn more about why so many people are moving from Los Angeles to Las Vegas? Listen to this recent episode of the Vegas Life Podcast:
With more and more people relocating to Southern Nevada from Southern California the overwhelming savings with their cost of living is still leaving many transients in shock. Their dollar is stretched much farther allowing them a luxury lifestyle that was unattainable in tax heavy California.
I recently previewed a luxury home in Henderson’s MacDonald Highlands for a client relocating from California and took the opportunity to film a quick video pointing out some cost of living facts.
Comparing the Southern NV luxury lifestyle to Southern CA
End-of-the-year typically means that folks review their expenses for the past twelve months, and many try to come up with a strategy to save money in the upcoming year. It makes for one of the more popular New Year’s Resolutions!
In 2015 there’s even more reason to try to save. The cost-of-living is increasing everywhere (some places more than others). I won’t get into the politics of things but, with one of the biggest budget-busters being the rising cost of health insurance (rates are tripling for many people!) effective 1/1/2015, many are left trying to come up with a strategy to afford and maintain their lifestyle.
I know planning a move around the corner, across town, and especially to a new state sounds worse than a trip to the dentist, but consider the incredible savings of moving to Southern Nevada…
For this exercise I’m going to use the example of moving to Nevada from California. Full disclosure: we loved living in the Los Angeles area from 2005-2007 but it was extremely expensive, which led us to relocate back to the Las Vegas valley — specifically the Henderson area. Having this unique perspective and ability to compare living in the two states helps to make my point even stronger.
Never mind that Nevada’s property tax and sales tax are less than California’s, but remember that we don’t have a STATE INCOME TAX! That’s not a typo… and it’s just one reason why CA residents are flocking to Nevada!
While Californians are “enjoying” paying 6% – 12.3% of their income to the State of California (2% if living in poverty and up to 13.3% for the ultra wealthy), our state income tax is $0/zip/nada/none/the big goose egg… you get the idea.
With our median house price still low (currently at just $199,000) imagine how far your extra money could be stretched. You’ll get a newer home, in a newer neighborhood, that offers newer schools and newer (often much nicer) amenities. The cost of living is already less… now factor in the savings on eliminating that nasty CA state income tax.
You’ll get to save and reinvest your hard-earned money into your own home, retirement, stocks, bonds, investments, etc. If you’re retired, or planning to retire soon, the benefits of coming to NV are especially strong. It’s truly an amazing opportunity!
If you’ve had enough of that type of overly-expensive lifestyle, I encourage you to research moving to Southern Nevada and especially the Henderson/Las Vegas areas. You’ll have many of the benefits of living in California — including beautiful parks, great hiking trails, world-class golf options, year-round warm weather, among others — but most importantly you’ll save a lot of money!
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